PASLA Asian Securities Lending Conference
11th March 2010    20:49

                                                                                                                            .... The Hong Kong Monetary Authority (HKMA) and Bank Indonesia have launched a new cross-border payment-versus-payment (PvP) link between Hong Kong's US dollar real time gross settlement system (RTGS) and Indonesia's rupiah RTGS system..... Changjia Group, a Chinese developer with a focus on high-end residential projects in Shanghai, plans to raise between $500m and $600m in a planned Hong Kong listing in March,.... Emirates Steel is finalising plans to consolidate its debt financing and is looking to raise $1.5bn through limited recourse financing to cover the financing needs of its Phase 1 and Phase 2 expansion projects..... The US federal government is set this week to begin a process that could clear the way for energy companies to do seismic research aimed at locating pockets of oil and natural gas along the Atlantic Coast, interior secretary Ken Salazar told reporters Monday..... The $9bn School Employees Retirement System of Ohio has committed over $80m to two private equity middle market buyout funds, half to Francisco Partners’ Fund III, and half to Mason Wells’ Buyout Fund..... San Francisco based industrial property fund, Terreno Realty Corp. canceled its planned $200m IPO yesterday as Goldman Sachs Group Inc. couldn’t find enough buyers for its sale of 10m shares, thereby extending the slump in US IPOs which began late last year..... As part of a strategy to refocus its retail banking operations on Europe and the Mediterranean, Credit Agricole is mulling to sell its Uruguayan subsidiary, Credit Uruguay Banco, to the local unit of Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA)..... A UK Commons committee has called for the Financial Services Authority to be given new powers to regulate treasury advice to public sector bodies on how to manage cash reserves. The demand is contained in a report on the management of local authority investments in the wake of the risk of losses as a result of the collapse of Icelandic banks..... BATS Europe, the operator of European multilateral trading facility (MTF), has decided to add a pan-European smart order routing service for access to multiple market centres including exchanges, MTFs and dark pools, effective February 15th ..... Bradford & Bingley and Northern Rock, the two UK-based lenders that were the first to receive lifeline from the government, are on the verge of merging their so-called 'bad banks.' The European Commission is expected to clear way for B&B to merge its buy-to-let mortgage loans with Northern Rock Asset Management.... Allianz Global Investors is reportedly planning to launch a global multi-asset fund. The Allianz RCM Dynamic Growth fund will aim to deliver equity-like returns with a lower level of risk..... The UK’s University Superannuation Scheme plans to allocate £1.4bn to fixed income (possibly UK index-linked gilts) and lower its equity allocation,as the scheme’s relatively high equity exposure of 70% of assets resulted in the fund losing about £7bn in 2009..... Russia has paid $1m to foreign banks to settle unresolved debts owed by the Soviet Union under an agreement signed with London club creditors last year who were not part of a 2000 swap of $31.7bn in principle and interest arrears notes for $21.2bn of new dollar debt due in 2010 and 2030.                                                                                


PRIVATE EQUITY DEALS
Private Equity Deals From Around ther World

FRESHER AIR FOR DRS
Despite one of the most challenging market environments in recent memory, depositary receipts have performed admirably over the past 12 months, with total DR trading volume inching upwards and new issuance easily trumping cancellations, particularly in the sec...

NEWS IN BRIEF
A round up of the key news from the Emerging Markets

RISING POLITICAL RISKS MAR 2010 BUSINESS OUTLOOK
Launching the latest version of its annual political risk map, Aon Risk Services, the global risk management and insurance brokerage business of Aon Corporation, warns that political and financial instability remain a feature of the business landscape. The map...

TUNISIA'S SOLAR PLAN
The Tunisian government has been trumpeting its ambitions to turn the country into a production hub for renewable energy, and the solar variety is at the core of its plans. A new plan was unveiled by the Tunisian government in November that will boost the prod...

MARKET ROUND UP
A round up of news from the Emerging Markets

TAX REVIEW
The latest tax changes from the Emerging Markets

FUND ALERT
New Emerging Market Funds

NEW ISSUES
The Latest New Issues From Around the Emerging Markets

NEW GOALS FOR SA BANKS
South Africa is fighting its first recession for nearly two decades but the country’s banks did not invest heavily in high-risk securities or complex instruments and have maintained a traditional banking model. Exchange controls curbed their ability to invest ...

STORMS THREATEN THE AZUR PLAN
Moroccans have learned this year that a more open economy can exact a high price during a crisis. The dark side of the dependence on money from abroad became evident this year with sharp economic slowdown in Europe, where Morocco’s main partners are located. I...

GCC DRS: A HOPEFUL OUTLOOK
Rich pickings have been few and far between in the Gulf Cooperation Council (GCC) countries in the depositary receipt segment since Kuwait’s Global Investment House listed its global depositary receipts (GDRs) on the London Stock Exchange as far back as Septem...

 

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ARAB BANK: A NEW BEGINNING
Arab Bank are Deepening Market Share in the MENA Region
EU/GCC FREE TRADE DEBATE
The Benefits of a Free Trade Agreement With
JORDAN: THE QUIET PERFORMER
New infrastructure boosts Jordan's appeal
TURKISH BANKS
Margins down slightly on bank borrowings
THE SHOCK OF THE NEW
Is Investment: new market approaches
GAS NETWORKS: THE NEW POLITICAL PATCHWORK
The geopolitics of mediterranean gas
SINAI/CEMENT
ARESCO completes Sinai production line
GIB ELECTS NEW CHAIRMAN
Former head of the Capital Markets Authority Mr. Jammaz bin Abdullah Al-Suhaimi takes Chairman's role at Regional Bank
GROWTH AT FULL TILT
Angola: the challenges of rapid growth
IRAN & AFGHANISTAN
The theatre of conflict in Central Asia
THE DOWNSTREAM DRIVE
Islamic Funding of Oil & Gas
MORGAN STANLEY BEGINS TRADING ON TAWADUL
Saudi Arabia/New Broker



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Issue 38, February 2010